Nissan shares drop on news of tie-up talks with Mitsubishi
12.05.2016 15:01
Shares in Japanese carmaker Nissan fell on Thursday after the company confirmed it was in talks to take a major stake in embattled rival Mitsubishi Motors.
Nissan shares fell 1.4% while Mitsubishi Motors was suspended from trading after news emerged of the possible tie-up.
Japan's Nikkei 225 was down 0.5% to 16,497.62 points.
Trader sentiment was weighed down by a disappointing close on Wall Street overnight.
The negative lead from the US also affected Asia's other main markets.
China's Shanghai Composite was down 2% to 2,782.26 points while Hong Kong's Hang Seng traded 0.4% lower at 19,978.08.
In Australia, the ASX/200 fell 0.6% to 5,341.60 points.
South Korea's benchmark Kospi index was flat at 1,977.68.
(BBC)
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